Summary - 15, Old Bakery Way NG18 2JR
2 bed 1 bath Apartment
Affordable central flat ideal for investors or first-time buyers seeking low-entry ownership.
- Two double bedrooms with practical, open-plan lounge and kitchen
- Compact overall size: around 500 sq ft
- Allocated off-street parking within gated development
- Long lease remaining (approx. 107 years)
- Service charge significant: about £2,039.36 per year (average)
- Ground rent £200 pa; leasehold tenure
- Local area: very deprived with above-average crime rates
- Good digital connectivity: fast broadband and excellent mobile signal
A compact two-bedroom apartment in a gated modern development, this property offers straightforward buy-to-let potential or an affordable first home close to Mansfield town centre. The layout is practical: an open-plan lounge/kitchen, two double bedrooms and a three-piece bathroom. Light from large windows helps the living area feel larger than its 500 sqft footprint.
Practical benefits include an allocated off-street parking space, secure gated entrance, mains gas central heating and fast broadband/mobile signal — features that appeal to tenants and occupiers alike. The long lease (about 107 years remaining) and straightforward room plan make management and re-letting simple for investors.
Buyers should note the material running costs and local context: an above-average crime rate and a very deprived local area, plus a substantial service charge (circa £2,039.36 pa average) and ground rent (£200 pa). The apartment is compact, so it suits small households, sharers or buy-to-let layouts rather than buyers seeking generous living space.
Overall this is a practical, low-price entry into the local market with easy access to town amenities and good digital connectivity. It will suit investors looking for an affordable rental asset or first-time buyers prioritising location and running ease over space; budget for ongoing service charges and local-area realities when assessing yield or lifestyle suitability.
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